This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Yes, IOT is still fragmented, but there's nothing like the commitment of a giant like Verizon to give it a more solid base to spread out from, and perhaps establish standards. That's what happening in the "Industrial Internet" segment of the IOT, where General Electric has jumped in and is using its own version to gather information from its huge installed base of capital equipment worldwide.

Looking at IoT, it seems like on the one hand, the 'smart city' is quite a ways off. Others mentioned the very real and very scary (how seasonal!) security concerns, the huge infrastructure needs, necessary legal framework, and so much more. On the other hand, most of the technology itself seems to be not so far off, in terms of the sensors themselves, the standards, and the framework for how the data is handled. People already own smartphones powerful enough to to tie this all together. Seems smart by Verizon to launch something that will let developers tinker and get ahead of the game. And, hey, the conference is local to me. I'll have to see if I can check it out!

"General Motors recently had a hiccup when their smart car was hacked by two programmers who did it to show how loosely held is the security concerning IOT. And anything concerning cloud should be made secure"

@SunitaT0: I think the teething issues will always be there. There will always be security risks lurking around but they should be for the initial phases. Once it goes into the mainstream then they will iron out. Cloud security is becoming stronger by the day and we all know how strongly was the security issue raised around earlier on.

"Some people still don't think the market is ready for IOT even though for the obvious implications that we do need IOT."

@SunitaT0: I agree that there's some skepticism in the market with regards to IoT, but not to a great deal. I think what we need is a strong player to come up with an IoT product and launch it for the masses. Then we will see some change in perspective and opinions coming about.

All Tesco's are bent on putting on IoT platforms of their own.
This makes little sense.
Two or three Telco's should put together a single platform in a single country or in a single union.
Having too many platforms that don't talk to each other makes little sense.

VZ has a good idea, that has well intentions. However, without a clear idea of with IoT really is and without joint agreement of the mass, they might be creating an ecosystem that is proprietary in nature and siloed.

IoT in nature is still too complex, fragmented, and lacking of a solid footprint.

@tzubair: the risks do exist. No denying that. General Motors recently had a hiccup when their smart car was hacked by two programmers who did it to show how loosely held is the security concerning IOT. And anything concerning cloud should be made secure.

Yes I agree so too. The rollout of some of the IOT devices haven't been smooth mainly because of inability of acceptance. Some people still don't think the market is ready for IOT even though for the obvious implications that we do need IOT.

"While IoT technology could have far-reaching impacts in a variety of markets and industries, worries persist that security is going to be a major issue"

I think the security risks do surface around the IoT technology, but I believe a large number of these risks are exaggerated and will be sorted out once the technology becomes mainstream. I don't think in the long run security will create major hurdles for IoT technology as long as proper protocols are followed.

Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!